Last week , the US Dollar weakened a bit against the common Euro currency amid the Fed’s decision to continue the 3rd round of quantitative easing (QE3).
Most beginning traders face the same dilemma: How much money to allocate for the initial trading capital? Big capital means big profits (provided that trading is profitable) or big losses (if it’s not).
More currency speculators are getting focused on the Japanese Yen. As the Bank of Japan is expected to stay reserved in its policies amid worse trade balance and elections, analysts gave controversial forecasts for the near-term prospects o the Japanese Yen.
New Zealand saw production growth in Q3 2012. The biggest gainers are dairy and meat production industries.
Weak economic stats from China exert pressure on the Australian Dollar. Most analysts assume that China’s economic prospects do not make speculators optimistic about the Australian economy.